NEW YORK (TheStreet) -- Shares of MasterCard (MA) - Get Report  were gaining in pre-market trading on Friday as the credit card company posted stronger-than-expected results for the 2016 third quarter before today's market open. 

MasterCard reported adjusted earnings of $1.08 per share, above Wall Street's estimated 98 cents per share. 

Revenue for the period was $2.88 billion, topping analysts' projected $2.74 billion. 

In 2015, the Purchase, NY-based company posted adjusted earnings of 91 cents per share on revenue of $2.53 billion for the third quarter. 

Worldwide purchase volume in the 2016 third quarter was up 9%. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

The team rates MasterCard as a Buy with a ratings score of A+. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, growth in earnings per share and increase in net income. The team feels its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

You can view the full analysis from the report here: MA

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